Analysts Set IMI plc (IMI) Price Target at $1,240.91
IMI plc (LON:IMI) has been given a consensus recommendation of “Hold” by the fifteen brokerages that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is GBX 1,225.45 ($16.01).
Several equities research analysts have issued reports on the stock. Morgan Stanley decreased their price target on shares of IMI from GBX 1,290 ($16.86) to GBX 1,240 ($16.20) and set an “overweight” rating on the stock in a research note on Wednesday. Deutsche Bank decreased their price target on shares of IMI from GBX 1,475 ($19.27) to GBX 1,185 ($15.48) and set a “buy” rating on the stock in a research note on Friday, November 9th. Royal Bank of Canada assumed coverage on shares of IMI in a research note on Tuesday, November 20th. They set a “sector performer” rating and a GBX 1,010 ($13.20) price target on the stock. Liberum Capital cut shares of IMI to a “sell” rating in a research note on Thursday, November 8th. Finally, Peel Hunt reaffirmed an “add” rating on shares of IMI in a research note on Thursday, November 8th.
LON IMI traded down GBX 38 ($0.50) during trading hours on Monday, reaching GBX 916.50 ($11.98). The company’s stock had a trading volume of 399,295 shares, compared to its average volume of 997,118. IMI has a fifty-two week low of GBX 1,093 ($14.28) and a fifty-two week high of GBX 1,453 ($18.99).
IMI plc designs, manufactures, and services engineered products that control the precise movement of fluids worldwide. The company's IMI Critical Engineering division offers critical flow control solutions. It provides anti-surge valve and actuator systems to liquefied natural gas compression facilities; integrated flow control systems for critical applications in fluid catalytic cracking; valves into the ethylene and polypropylene production processes, as well as delayed coking; actuation systems to operate industrial valves; and turbine by-pass valves for conventional and nuclear power plants.
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